At a fifth 33rd America's Cup Competitor Meeting in Valencia, Alinghi, the Defender, the Spanish Challenger of Record and 16 of the 17 challengers (China absent) discussed amendments to the Competition Regulations, which are now in the final drafting stage. They also agreed a Protocol amendment which will loosen the restriction on designers moving between teams. The group appointed two additional members of the Arbitration Panel. The 19 competitors also named David Pedrick (USA) Technical Director for the 33rd America's Cup.The Host City agreement was also discussed, along with plans to run the pre-regattas in 2009 and the Match in 2010 in Valencia. Negotiations are moving forward with the Spanish administrations and AC Management is confident of announcing a deal with Valencia in the near future. The competitors decided that participation in the 2009 pre-regattas on ACC Version 5.0 yachts is to be compulsory for all teams and it is intended that syndicates be allocated bases once they confirm their participation in these races.
